$4 million fund matches customer donations to charities across rural America
DENVER – March 30, 2021 – CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced the launch of its annual Sharing Success program. The $4 million fund is a cornerstone of CoBank’s corporate citizenship efforts, matching donations by the bank’s cooperative and other eligible customers to nonprofit organizations in their communities.
Since Sharing Success was established in 2012, CoBank and its customers have together contributed more than $56 million to groups such as volunteer fire departments, local schools and hunger relief programs.
“Sharing Success has had a tremendous impact on rural communities for the past nine years,” said Tom Halverson, CoBank’s president and chief executive officer. “CoBank recognizes that our customers often know best where funding can most effectively be provided to benefit their communities and we are deeply grateful for their participation in the program. In the best cooperative tradition, we look forward to partnering with our customers once again to share our success for the benefit of communities across rural America.”
The 2021 program launches on April 1 and will run through October 31 or at which point the fund is exhausted, whichever comes first. The bank will match contributions of eligible customers on a dollar-for-dollar basis up to a maximum of $10,000 per customer. Customers interested in participating should contact their CoBank relationship manager or visit the Sharing Success program page for detailed program requirements.
The electronic application will be available on April 1 on CoBank.com.
CoBank is a $159 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 75,000 farmers, ranchers and other rural borrowers in 23 states around the country.
CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.